SOURCE: CMG Holdings, Inc.

February 14, 2011 10:15 ET

CMG Holdings, Inc. Announces That Arizona Congressman Raul Grijalva Has Renewed Audio Eye License for His Congressional Website

Audio Eye's Patented Technology Provides a Multi-Format Publishing and Internet Navigation Technology for the Physically Impaired

MIAMI, FL--(Marketwire - February 14, 2011) - CMG Holdings, Inc. (CMG) (OTCBB: CMGO) is a full service global marketing Company with commercial rights and digital technologies announced today that due to the overwhelming use of Audio Eye's accessibility feature, Arizona Congressman Raul Grijalva has renewed Audio Eye license for his official US Congress website, http://grijalva.house.gov/. Audio Eye, Inc. is a wholly owned subsidiary of CMG Holdings, Inc.

Audio Eye's technology effectively meets the required criteria and standards of the 21st Century Communication and Video Accessibility Act and Section 508 legislation and the needs of the disabled, physically challenged, learning, hearing or visually impaired, low vision, dyslexic, autistic, elderly, even internet novices and mobile users. The patented technology delivers an Internet solution that converts and indexes Internet content and automates multi-format publishing.

Nathaniel Bradley, President and CEO of Audio Eye, Inc., stated, "We have been working very closely with the entire Griljava team and are thrilled to provide Audio Eye services to them for another year. As members of the Southern Arizona business community, we are honored to provide the citizens of Arizona ground breaking technology that allows everyone access to Congressman Griljava's website."

Alan Morell, Chairman and CEO of CMG Holdings, Inc., stated, "Congressman Raul Grijalva's renewal reaffirms our Audio Eye model and patents within the government sector, a $2.8 billion market."

About Audio Eye, Inc.

Audio Eye, Inc. has developed patented, Internet content publication and distribution software that enables conversion of any media into accessible formats and allows for real time distribution to end users on any Internet connected device. The company's focus is to create more comprehensive access to Internet, print, broadcast and other media to all people regardless of their network connection, device, location, or any disabilities an individual may have. Audio Eye solutions include comprehensive E-Learning and E-Commerce systems as well as varieties of Internet publishing products and services that enable customers to create and deliver accessible and highly scalable web-based applications. For more information please visit, www.audioeye.com.

About CMG Holdings, Inc.
CMGO's mission is to build a national platform of exceptional companies that deliver solutions in area of alternative advertising, new media marketing services, commercial rights, and talent management and is seeking to expand its national presence via its acquired companies, intellectual property of continued patents, sales, marketing and continued operations.

Talent Management includes representation of personalities in the entertainment, athletic, literary industries for endorsements, licensing, speaking appearances, and image marketing. Event Management includes marquis hospitality, sponsorships, licensing, production and implementation of events including hospitality services pairing corporate client sponsors and premier events to ensure the highest return on their investment and brand exposure. Commercial Rights includes branding, consulting, licensing, sponsorships, sales through image marketing tools to generate premier brand recognition for our clients.

For More Information: www.cmgholdingsinc.com and www.creativemanagementgroup.com

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words 'believes,' 'expects,' 'intends,' 'will,' 'anticipated,' or 'may,' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. CMG Holdings, Inc. (OTCBB: CMGO) takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company.

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